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Multitimeframeanalysis

BTC/USD : Last bounce before the rejection !COINBASE:BTCUSD BINANCE:BTCUSDTPERP Hello everyone 😃 Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it ! Let's have a look into macro view before we start to take a look into LTF charts; As you can see there're two possible zones to pullback the recent dive below $40K's support. Now there're two simple scenarios : - Pullback from $38000 and retest $46500. - Rejection below $38000 and dive into $36150. The pullback is the major movement here and I won't active any other bearish setup until we get the rejection below $29000 ! As we talked about the bullish setups; I would like to inform that my main scenario is to locate SHORTs into $46500's NPOC and $50000's resistance. - Also I have my invalidation above $53000 to locate LONGs after it... 📌 There can be more details into lower time-frame charts, Such as : As you can see on above chart; There's a bullish order-block located on $37700 and the lower H2 can be another great entry for bulls. If I want to set an invalidation, It would be as a rejection below H2's demand zone ! 📑 Conclusion : There's a possibility to have a bounce from $38000's support into $46500's NPOC (Naked Point Of Control). So I'll be looking for possible pullback from $38000's order-block and $36000's H2 Demand. - The invalidation will be a close below H2. I would locating the possible SHORTs from $46500's NPOC and $50000's resistance to SHORT the pair into $29000's support. - The invalidation of SHORTs will be a break-out above $53000's resistance. Hope you enjoyed the content I created, You can support us with your likes and comments ! Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
COINBASE:BTCUSD
by Helical_Trades
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